On Tuesday, EIT Digital announced the four digital technology ventures awarded as part of the New European Bauhaus Acceleration pilot call.
- Schrott24 (Austria)
- Datategy (France)
- Rooom (Germany)
- Boxie24 (Netherlands)
As a part of the New European Bauhaus initiative, EIT Digital launched a pilot call to identify the promising digital technology ventures that develop innovative solutions to make Europe sustainable, inclusive, and improve citizens’ quality of life.
Around 150 ventures from 27 European countries submitted their applications, and out of it, the four best companies got selected.
These companies have raised on average €5M in funding, have an average revenue of €3M, and an average team size of 43 people.
What support do they get?
The chosen companies will receive 12 months of tailored international growth support by the EIT Digital Accelerator programme worth €50,000 to scale up their business, and boost social and economic impact for the European community.
“We are proud of the success of this pilot call, which is also the success of the EIT Digital Accelerator. The four winners are strong ventures, and we now welcome them to our Accelerator for pan-European fundraising and customer acquisition,” says Chahab Nastar, Chief Innovation Officer at EIT Digital.
Let’s have a quick look at the winning companies, below:
Founder/s: Alexander Schlick and Jan Pannenbäcker
Based out of Graz, Schrott24 is a B2B-focused managed marketplace for metal scrap. It is revolutionising the metal recycling industry by making the market transparent, digital and efficient by simplifying, and automating processes. The company uses the latest machine learning and data analysis, facilitating the matching of scrap metal offers and requests.
Founder/s: Mehdi Chouiten and Eric Chau
Datategy (Data Strategy) is a startup dedicated to data science and analytics.
The company’s collaborative and scalable AI platform enables enterprise customers to collect, cleanse, and analyse data from multiple sources and deploy predictive models for various use cases in a number of industries (e.g., utilities, manufacturing, health & biotech, transportation).
Founder/s: Hans Elstner
Rooom develops experienceCloud, an all-in-one platform for creating engaging 2D, 3D, AR & VR experiences. It is designed to cover the marketing and visualisation needs of different industries through a comprehensive product portfolio.
The company works with various industries including events, real estate, online retail, product manufacturing, and tourism.
Founder/s: Gerrit Jan Reinders
Boxie24 offers affordable and environmentally-friendly storage solutions for urban dwellers. It picks up, stores, and returns household and office items within 24 hours, helping citizens and companies make more efficient use of their home and office space.
Why these companies?
The above-listed companies leverage digital technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), Deep Learning, and Virtual & Augmented Reality to increase energy efficiency, optimise the use of resources for a broad range of industries, and improve citizens’ experience. Thus, integrating the core values of the New European Bauhaus.
EIT Digital and EIT Digital Accelerator
EIT Digital is a pan-European organisation aimed at promoting innovation, education, and entrepreneurship in digital technology. It aims at global impact through European innovation, boosted by entrepreneurial talent and digital technology. It helps businesses and entrepreneurs to be at the frontier of digital innovation by providing them with technology, talent, and growth support.
Since its launch in 2014, the EIT Digital Challenge has attracted more than 2,900 entries from all over Europe. Prominent award winners include KONUX, Medicus.AI, or SidekickHealth, digital technology scaleups that have become internationally successful companies.
EIT Digital Accelerator provides tailor-made growth support by helping them raise capital, find customers, and scale up internationally. This is done through a distributed team of business developers and fundraising experts operating from 10 European countries.
Since 2012, the EIT Digital Accelerator has supported startups and scaleups from 20 countries that have raised over €1B in investment. The Accelerator has also been recognised as the world’s top public Business Accelerator by UBI Global, and as one of the top three accelerator brands in Europe, according to Startup Heatmap Europe.
Are you developing digital solutions that make Europe more sustainable, inclusive and improve citizens’ quality of life?
EIT announced the launch of ‘EIT Community Booster – Scaling New European Bauhaus Ventures’ to support the European Union’s New European Bauhaus initiative. The initiative is coordinated by EIT Digital and includes EIT Climate-KIC, EIT Food, EIT Manufacturing, and EIT Urban Mobility.
The EIT Community is looking for the most innovative ventures driving sustainable change for cities, industries, climate, food, wellbeing and overall quality of life in order to support their business growth and help them become the international game-changers. The New European Bauhaus Acceleration pilot call precedes the EIT Community Booster and are both the part of the New European Bauhaus initiative.
Apply for the next edition of the New European Bauhaus acceleration programme to scale up your business and grow internationally. Applications are open until December 17. Find out more.